Researchers from Indiana University and the Georgia Institute of Technology said that security holes in both iOS and OS X allow a malicious app to steal passwords from Apple’s Keychain, as well as both Apple and third-party apps. The claims appear to have been confirmed by Apple, Google and others.

We completely cracked the keychain service – used to store passwords and other credentials for different Apple apps – and sandbox containers on OS X, and also identified new weaknesses within the inter-app communication mechanisms on OS X and iOS which can be used to steal confidential data from Evernote, Facebook and other high-profile apps

The Register says the team reported the flaws to Apple in October of last year. At that time, Apple said that it understood the seriousness of the flaws and asked the researchers to give it six months to address them before the exploit was made public. In February, Apple requested an advance copy of the paper, yet the flaws remain present in the latest versions of both operating systems … expand full story